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Top 5 Price Patterns to Shape 2008
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Price patterns predict the future for stocks, options, bonds, interest rates, commodities, futures, and currencies (forex).
Price patterns display the current psychology of the market.
Patterns reveal the actions of traders and investors.
There are bullish and bearish price patterns.
Certain patterns point to the continuation of trends.
Other patterns portend the formation of new trends.
Patterns are recurring; they repeat all of the time in every market.
There's only a small number of patterns to memorize and apply.
Patterns work in all actively traded markets.
Price patterns appear in all timeframes.
Patterns are applied by day traders and long-term investors alike.
Patterns project price targets that are used as exit points.
Price patterns are often applied with other trading tools and investment strategies.
The Olympics kick off in a few days. Wouldn't it be funny if the Chinese stock market hit a new 52-week low during the games?
Watch the FXI, which is the iShares China 25 exchange traded funds. The FXI is one of the better and easier ways to trade China.
The FXI is on the verge of breaking down from a bear flag. A close below $43 would do it.
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